Back in September 2020 I wrote about The Mansion for the first time. I’d have to look back on my notes for when we got started on this one, but it was some time during the winter.
It’s been a journey!
We fully gutted the (previous) duplex and reconfigured the floorplan to make it a natural feeling single family home. We’re on the home stretch, but it’s been super stressful.
The appraisal was supposed to happen last week Thursday. We were scrambling but it was clear (Wednesday morning) that we were nowhere near ready. I managed to push the appraisal until this Friday.
And it’s still going to be close.
I feel most for Kaitlin. She’s been down there every other day, monitoring progress and doing what she can to help while the boys are in school during the morning. The boys are only doing a three week, half-day summer program and Kaitlin has been eagerly awaiting the free time to catch her breath and get some things done.
That’s been derailed by babysitting this project. Her three weeks will now be just one and she’ll have to wait a few more until Fall school starts.
This rehab has given us a lot to contemplate. We’re likely getting out of the single family home game. We still have two left to do, but they won’t be nearly as involved.
I’m also likely not going to do many, if any, projects solo going forward. My friend, Paul, and I are still working on buying a block of houses from the DLBA. We likely won’t get them all (yet), but he also owns a mixed use commercial space that we’re going to partner on, him selling me half the building.
But we need to get the capital out of The Mansion before I can make any moves. Luckily, we’re very close.